Hi, I have been using a similar 15min strategy to your Cowabunga method for about the past 9 months prior to discovering Babypips.
The addition of using the stochastics and MacD as you recommend on a 15min chart has helped improve my winning pip rate a lot - thank you. I used to only follow a Daily trend and have now moved to 4 hour which sometimes provides an extra opportunity.
I also have a 50 simple moving average on the 15min chart and trade when I have the cross over of the 5 & 10ema through the 50sma. This does seem to help reduce getting caught by head fakes. I take the trade when a candle closes through the 50 and the next candle then retests the 50sma before continuing in the direction of the trend.
I hope this may help some traders
Last edited by fxray; 08-15-2007 at 03:55 PM.
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